Is New Mighty Foundation Legit?

Red Flags

Consistent and significant deficit spending (expenses far exceeding revenue) in most years, e.g., $7.5M expenses vs. $1.0M revenue in 2023.
Substantial decline in total assets over the past decade, from $111.5M in 2011 to $29.9M currently, indicating a spend-down model.
Unexplained large revenue fluctuation in 2022 ($24M) compared to typical annual revenues under $1M.

Strengths

Zero reported officer compensation across all filings, indicating efficient use of funds for executive leadership or volunteer-led management.
As a grantmaking foundation (T22), a high proportion of expenses are likely directed towards programmatic grants, aligning with mission.
Consistent filing history (10 filings) demonstrates compliance with IRS reporting requirements.

Spending Breakdown

How New Mighty Foundation allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about New Mighty Foundation

Is New Mighty Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, New Mighty Foundation (EIN: 204282979) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.

Is New Mighty Foundation a good charity to donate to?

New Mighty Foundation has a Mission Score of 60/100. Revenue: $1.1M. Assets: $29.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New Mighty Foundation?

The Employer Identification Number (EIN) for New Mighty Foundation is 204282979. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does New Mighty Foundation spend its money?

New Mighty Foundation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New Mighty Foundation's tax-exempt status?

You can verify New Mighty Foundation's tax-exempt status using EIN 204282979 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

New Mighty Foundation exhibits a concerning financial trend with expenses consistently and significantly exceeding revenue in most recent years, indicating a reliance on drawing down assets. For example, in 2023, revenue was $1,049,629 while expenses were $7,553,417, and in 2022, revenue was $24,090,146 against expenses of $9,028,206. The substantial decrease in assets from $111,588,886 in 2011 to $29,910,436 currently, and $32,082,535 in 2023, further supports this observation. The organization's NTEE code T22 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests its primary activity is grantmaking, which often involves distributing assets. The consistent reporting of $0 in officer compensation across all filings indicates strong transparency regarding executive pay, or that the organization is managed by unpaid volunteers or external entities. However, the long-term sustainability of its operations given the revenue-expense disparity is a significant concern.

Verdict: New Mighty Foundation shows mixed signals